By Jennifer Chiou
New York, March 28 - Lehman Brothers Holdings Inc. priced a $0.66 million add-on to its issue of 100% principal-protected "Wedding Cake" notes due March 28, 2008 linked to six-month Libor, according to a 424B2 filing with the Securities and Exchange Commission.
On March 22, Lehman priced $0.7 million of the securities. The total amount of notes priced is now $1.36 million.
At maturity, investors will receive par plus 10% if at all times during the life of the notes six-month Libor remains within the narrowest barrier range, 5.25% to 5.50%.
Investors will receive par plus 8% if six-month Libor remains with the middle barrier range, 5.125% to 5.625%.
Investors will receive par plus 6% if six-month Libor remains within the broadest barrier range, 4.75% to 5.75%.
If six-month Libor moves outside that range, payout at maturity will be par.
Lehman Brothers Inc. is the underwriter.
| Issuer: | Lehman Brothers Holdings Inc.
|
| Issue: | 100% principal-protected "Wedding Cake" notes
|
| Underlying asset: | Six-month Libor
|
| Amount: | $1.36 million, upsized from $0.7 million
|
| Maturity: | March 28, 2008
|
| Price: | Par
|
| Payout at maturity: | Par plus 10% if six-month Libor remains within 5.25% to 5.50%; par plus 8% if six-month Libor remains within 5.125% to 5.625%; par plus 6% if Libor remains within 4.75% to 5.75%; otherwise, par
|
| Pricing date: | March 22 for $700,000; March 28 for add-on
|
| Settlement date: | March 28
|
| Underwriter: | Lehman Brothers Inc.
|
| Underwriting discount: | None
|
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